$100bil is based on 2mt at the spot price which is approaching...

$100bil is based on 2mt at the spot price which is approaching $50,000. Clearly there is a lot of discount in the share price because of factors such as:

[1] Spot price has historically been $8000-$10000 not $48000
[2] History of cost over runs and operational problems on previous laterite nickel projects
[3] Need to raise/borrow say 500mil to 1bil in capital to build a plant
[4] Remote location
[5] Land rights

As per my previous post, I think the metallurgy of the discovery and what that means in terms of processing complexity (read capital and operational risk) will determine how much of a bonanza this is, but you have to say it looks pretty good, especially if they were to find some suphpide deposits to get the ball rolling with lower capital and lower risk.